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Document Record Detail



Full Document:
Title:OBSOLETE LANGUAGE IN THE FINANCIAL TEST FOR SUBTITLE C TREATMENT STORAGE AND DISPOSAL FACILITIES
RCRA Online Number:14066
Date:02/27/1997
To:Regions 1-10
From:Cotsworth
Organization of Recipient:EPA
Description: The use of financial test or corporate guarantee for financial assurance requires the owner or operator’s chief financial officer (CFO) to submit a copy of a special report from a certified public accountant (CPA). Section 264.143(f)(3)(iii)(B) requires CPA negative assurance, which is now inconsistent with current professional auditing standards. In addition to, or in lieu of negative assurance, EPA will accept American Institute of Certified Public Accountant’s agreed-upon procedures engagement. The CFO can adjust for post-retirement benefits other than pensions, and defer recognition of these benefits as liabilities (SEE ALSO: 59 FR 51527; 10/12/94).
Regulatory Citation(s) : 264.143(f)(3), 264.151(f), 265.143(e)(3) EXIT disclaimer
Statutory Citation(s):NA Read US Code 42, Chapter 82 EXIT disclaimer
Topic(s):Financial Assurance (hazardous waste); Hazardous Waste; Liability (hazardous waste); TSDFs
Approximate Number of Hardcopy Pages:2
EPA Publication Number:NA
RPPC Number (if applicable): 9477.1997(01)
Official OSW Policy:Yes

 

 
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